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Williamsburg MF Portfolio Sold for $9M  

Dana Lowery of Edifice Management has acquired a multifamily portfolio in Williamsburg, comprising three multifamily buildings, from Gil Boosidan for $8.95 million.  

The buildings, located at 313 South 4th Street between Rodney and Keap Streets, and 431 and 433 Wythe Avenue between 8th and 9th Streets, were sold at a combined cap rate of 5.7%, equating to 16.4 times the current monthly rent roll. 313 South 4th Street, a four-story walk-up spanning 6,000 sq. ft., houses 12 mixed-rate apartments. Meanwhile, 431 and 433 Wythe Avenue, totaling 8,800 sq. ft., comprise a pair of four-story buildings with 16 mixed-rate apartments and were constructed in 1920. 

The transaction was orchestrated by Rosewood’s Ben Khakshoor, Reoven Elharar, and Alex Fuchs, acting on behalf of the seller and the buyer. 


Inside The Story

Ben Khakshoor

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.